Hikari Tsushin, Inc. completed the acquisition of NIHONKYOSAI Co., Ltd. from Noritsu Koki Co., Ltd..
November 31, 2020
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Hikari Tsushin, Inc. (TSE:9435) signed a contract to acquire NIHONKYOSAI Co., Ltd. from Noritsu Koki Co., Ltd. (TSE:7744) on July 7, 2020. For the year ending March 2020, NIHONKYOSAI reported total assets of ¥2.9 billion, net assets of ¥441 million and net income of ¥24 million. The deal is subject to the approval of the relevant authorities. The Board of Directors of Noritsu Koki passed a resolution for the deal on July 7, 2020.
Hikari Tsushin, Inc. (TSE:9435) completed the acquisition of NIHONKYOSAI Co., Ltd. from Noritsu Koki Co., Ltd. (TSE:7744) on November 1, 2020. The approval of the relevant authorities was obtained on October 27, 2020.
Hikari Tsushin Inc is a holding company mainly engaged in the corporate service business, personal service business, and agency sales business. The Company operates through three business segments. The Corporate Service segment is engaged in the sale of products planned and developed in-house, such as communication line services, electric power, and various systems, to small and medium-sized enterprises. The Personal Service segment mainly sells products planned and developed in-house, such as communication line services and home water distribution, to individuals. The Agency Sales segment is engaged in the sale of various products such as telecommunications carriers, insurance companies, and manufacturers.